- Following the acquisition of a prospective land package in Saskatchewan, REV Exploration (TSXV:REVX) has its sights set on becoming a first-mover in natural hydrogen exploration in Alberta
- Premier Danielle Smith previously noted hydrogen’s trillion-dollar potential for the province
- REV Exploration, formerly Gitennes Exploration, is a mineral exploration company advancing gold and battery metal properties in Quebec and natural hydrogen properties in Saskatchewan, all of which are 100-per-cent owned
- REV Exploration stock has added 170 per cent year-over-year but remains down by 73 per cent since 2020
Following the acquisition of a prospective land package in Saskatchewan, REV Exploration (TSXV:REVX) has its sights set on becoming a first-mover in natural hydrogen exploration in Alberta.
The move aims to capitalize on what Alberta Premier Danielle Smith sees as hydrogen’s potential to become the province’s “next trillion-dollar industry,” as reported by Western Standard in April.
According to Friday’s news release, natural hydrogen represents a complementary revenue source to Alberta’s leadership position in blue hydrogen production from natural gas. REV’s thesis is backed up by the province’s favorable geology and its Hydrogen Roadmap targeting over C$30 billion in investments by 2030.
Leadership insights
“Having just secured a massive land package with permits for natural hydrogen exploration in Saskatchewan, where discovery potential is considered very high, we are also keenly interested in neighboring Alberta, which has an advanced hydrogen economy and a rapidly growing demand for new low-cost, clean energy given the province’s emphasis on development of AI data centers,” Jordan Potts, REV Exploration’s chief executive officer, said in a statement.
“Alberta and Saskatchewan each offer niche opportunities for a company like REV to explore and develop natural hydrogen, a potentially game-changing critical element. We look forward to making progress in Alberta very soon, just as we have in Saskatchewan,” Potts added.
About REV Exploration
REV Exploration, formerly Gitennes Exploration, is a mineral exploration company advancing gold and battery metal properties in Quebec and natural hydrogen properties in Saskatchewan, all of which are 100-per-cent owned.
REV Exploration stock (TSXV:REVX) is unchanged trading at C$0.27 as of 9:51 am ET. The stock has added 170 per cent year-over-year but remains down by 73 per cent since 2020.
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